Office Warehouse with Fenced
For Sale
Contact for pricing
190 N FREEMAN HOLLOW RD, Snowflake, AZ 85937
Office warehouse with a pull-through bay and fenced yard for practical contractor or light industrial operations.
Property Size4,300 SF
Lot Size11.23 Acres
Price / SF$209.30
Days on Market65
Property Features for 190 N FREEMAN HOLLOW RD
General Information
Standard status
Active
Size
4,300 SF
Lot size
11.23 Acres
Property subtype
Industrial, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
3
Building Details
Year Built
1993
Listing Agency:
SEI Real Estate Professionals Show Low
(928) 255-2323
Listed By:
David Mills · License #AZ SA526366000
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Aug 7 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SEI Real Estate Professionals Show Low
Investment Insights
Based on property information with market context.
This 4,300 square foot office warehouse is set up with a 3-bay shop featuring a pull-through bay, plus office space and a mezzanine. The property includes a 4-acre fenced yard area designed to support storage and work activities. In addition to the fenced yard, there are 7.23 acres of excess land available for further development, giving the site flexibility for future growth.
The property is located at the corner of Highway 277 and Freeman Hollow. The corner positioning supports convenient site access and straightforward entry for vehicles using the highway and local road connection.
For buyers seeking a facility that blends day-to-day office needs with functional shop and yard space, this layout offers a workable combination. The pull-through bay can help streamline loading and movement through the shop area, while the fenced yard supports secure outdoor staging or storage. The excess acreage also provides room to consider additional development on the same site, subject to applicable approvals.
The property is located at the corner of Highway 277 and Freeman Hollow. The corner positioning supports convenient site access and straightforward entry for vehicles using the highway and local road connection.
For buyers seeking a facility that blends day-to-day office needs with functional shop and yard space, this layout offers a workable combination. The pull-through bay can help streamline loading and movement through the shop area, while the fenced yard supports secure outdoor staging or storage. The excess acreage also provides room to consider additional development on the same site, subject to applicable approvals.
Key Highlights
- 4,300 SF office warehouse built in 1993
- 11.23‑acre site with a 4‑acre fenced yard area for operations
- 7.23 acres of excess land available for additional development
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,420
$1.2M
Cap Rate 7%
$883,157
$883.2K
Cap Rate 9%
$686,900
$686.9K
Market Conditions
NOI Build-Up for 4,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.1K $23.04/SF
− Vacancy
−$4.0K −$0.92/SF
EGI
$95.1K $22.12/SF
− OpEx
−$33.3K −$7.74/SF
NOI
$61.8K $14.38/SF
Area
Navajo County, AZ
Vacancy
4.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,236,420
Cap Rate 7%
$883,157
Cap Rate 9%
$686,900
Alternative Uses
Best Use
Flex RnD
$883.2K
$772.8K – $1.03M
NOI $61,821 @ 7.0% cap · market cap 6.87%
Second Best
Warehouse
$679.7K
$594.7K – $793.0K
NOI $47,579 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,796 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85937, AZ
8,434
Population
3,159
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
289.7 sq mi
ZIP Area
29
Density / Sq Mi
$64,475
Median Household Income
$29,099
Median Earnings
$1,182
Median Rent
$259,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office warehouse with a pull-through bay and fenced yard for practical contractor or light industrial operations.
Where is this flex space located?
The property is located at 190 N FREEMAN HOLLOW RD Snowflake, AZ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,300 SF office warehouse built in 1993; 11.23‑acre site with a 4‑acre fenced yard area for operations; 7.23 acres of excess land available for additional development
